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Dec 31, 2020
MasTec Q4 2020 Earnings Report
MasTec reported strong Q4 2020 financial results, exceeding guidance expectations.
Key Takeaways
MasTec announced strong fourth quarter and full year financial results. Q4 revenue was $1.6 billion, with a GAAP net income of $112.9 million, or $1.54 per diluted share. Adjusted EBITDA was $261.5 million.
GAAP net income was $112.9 million.
Adjusted EBITDA was $262 million.
Diluted earnings per share reached $1.54.
Adjusted diluted earnings per share was $1.75, exceeding guidance expectations.
Revenue by Segment
Forward Guidance
The Company expects full year 2021 revenue will approximate $7.8 billion, a record level. 2021 full year GAAP net income and diluted earnings per share are expected to approximate $321 million and $4.34, respectively. Full year 2021 adjusted EBITDA and adjusted diluted earnings per share are expected to approximate $875 million, representing a record level, or 11.2% of revenue, and adjusted diluted earnings per share expected to be $5.00.
Positive Outlook
- Full year 2021 revenue will approximate $7.8 billion, a record level.
- 2021 full year GAAP net income is expected to approximate $321 million.
- Full year 2021 diluted earnings per share are expected to be $4.34.
- Full year 2021 adjusted EBITDA is expected to approximate $875 million, representing a record level, or 11.2% of revenue
- Adjusted diluted earnings per share expected to be $5.00.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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